Looking to diversify beyond PLUIX? The mutual funds below have the lowest correlation with PLUIX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PLUIX.
Best Diversifiers for PLUIX
18 mutual funds have low correlation with PLUIX (below 0.3), 1 of which are negatively correlated. The least correlated is CrossingBridge Ultra-Short Duration Fund (CBUDX) (Ultrashort Bond) with a 1Y correlation of -0.07, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| CrossingBridge Ultra-Short Duration Fund | -0.07 | 0.03 | — | 99 | Ultrashort Bond | PLUIX vs CBUDX | |
| DFA One Year Fixed Income Portfolio | 0.04 | 0.01 | 0.14 | 99 | Ultrashort Bond | PLUIX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.07 | 0.14 | 0.19 | 100 | Ultrashort Bond | PLUIX vs BUBIX | |
| DFA Two-Year Government Portfolio | 0.07 | 0.08 | 0.17 | 55 | Ultrashort Bond | PLUIX vs DFYGX | |
| SEI Institutional Investments Trust Opportunistic ... | 0.11 | 0.14 | 0.21 | 100 | Ultrashort Bond | PLUIX vs ENIAX |
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